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IMF May Allow Some Flexibility In Greece's Debt Plan

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IMF May Allow Some Flexibility In Greece's Debt Plan

Business

IMF May Allow Some Flexibility In Greece's Debt Plan

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LINDA WERTHEIMER, HOST:

NPR's business news starts with a Greek debt plan.

The International Monetary Fund is reportedly close to approving a deal that would give Greece more flexibility in its efforts to cut its massive debt burden. This will give Greece more time and allow a higher debt-to-GDP ratio than had been agreed on before, according to Reuters. And it should clear the way for the Greek government to get the next round of much-needed financial assistance, which is seen as crucial to boosting a flagging European economy.

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